A Town meeting is being held tonight in Ridgefield about the sale of town-owned land. 

When Ridgefield purchased the Schlumberger property several years ago, the plan called for selling some of the land to recoup the cost to taxpayers.  The first step of that plan will be before residents tonight. 

Ridgefield is calling for the sale of about 5 acres of land off Old Quarry Road to be sold to developer Stephen Zemo.  He has proposed construction of a hotel, a self storage building and a third commercial building.  The 5 acres is across the from the main property. 

The selling price is $1.25 million.  The proposal gives the developer 30 days to conduct physical inspections and environmental investigations beyond what the town has done. 

Tonight's Special Town Meeting is at 7:30pm in Town Hall.